Florida Office of Insurance Regulation

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Florida currently requires auto drivers to carry personal injury protection of at least $10,000 in medical benefits. But critics say that isn’t enough to cover health care costs when there’s an accident. Lawmakers are considering changing up the insurance coverage drivers must have.

Florida Insurance Commissioner David Altmaier.
Florida Channel

Rates in Florida’s property insurance market are in the midst of a broad upward shift.  State insurance officials are pointing to the rising cost of water damages.

A roofer working in Oklahoma.  In Florida, they have some of the highest rates for workers compensation insurance.
FEMA photo library

Rising workers compensation rates could strain Florida businesses—especially in hands on industries.  And the increase will likely test loyalties in the state Legislature.

Florida's Cabinet
Nick Evans

Florida’s Cabinet recently got a first look at state agency budget requests.  With budget projections showing empty state coffers, those agencies are eyeing state trust funds.

Florida Office of Insurance Regulation / State of Florida

Florida’s health insurance market for next year is beginning to take shape, and there will be cost increases. But  that’s not what’s raising eyebrows. In Florida, managed care health plans will dominate the market place, and the emergence of a new system  has some wondering, what is an EPO?

Citizens Insurance VP of Consumer and Agent Services speaking December 9 at the insurance company's quarterly meeting.
Florida Channel

Citizens insurance is touting its efforts to move policies into the private market—a process known as depopulation.  Florida’s insurer of last resort is introducing new plans to make the move more transparent.

The state-backed insurer concluded its final meeting of the year Wednesday, highlighting its ability to shift 300,000 policies to the private sector since January.  Citizens official Steve Bitar says the company is making changes to improve the depopulation process for consumers.

LHatter / WFSU News

Florida insurance officials expect the cost of health insurance plans sold on a federal exchange to increase by an average of 13 percent next year. But not everyone agrees price hikes will be that steep and critics are questioning the state’s methods for calculating the increases.

The state’s estimated 13.2 percent health insurance rate increase is receiving pushback from Affordable Care Act advocates, who say it’s another example of the state’s resistance to the federal health law.

LHatter / WFSU News

Floridians who purchased federally-subsidized health insurance plans as part of the Affordable Care Act could see their rates increase about 13 percent next year in the individual market.

The Florida Office of Insurance Regulation has released rate information on all 14 companies planning to sell health insurance through the federal exchanges, including three new carriers.  Of the 11 returning plans, most filed rate increases ranging from 11 to 23 percent. Aetna, Molina and Sunshine State Health plan decreased their rates.

MGN Online

Bills aimed at enhancing the penalties if an insurer discriminates against a gun owner are moving through both chambers of the Florida Legislature. But, some are raising concerns about the reasoning behind the measure, saying there’s not enough evidence to support it.

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State regulators say health plans sold on federal insurance exchanges could have premiums which cost up for 40 percent more than their existing counterparts. The estimates come after Florida forfeited its ability to set up a state-run exchange outlined in the Affordable Care Act. But just because insurance premiums are coming in higher doesn’t mean the people making those purchases through the exchanges will pay it.

About a dozen Florida health insurance companies have announced plans to sell policies on federal insurance exchanges, as dictated by the Affordable Care Act.

Starting October First, Floridians who don’t have insurance through their jobs will be able to shop for health plans through an online marketplace. Those plans will come with income-based tax credits to offset the costs. But according to Wences Troncoso with the Florida Office of Insurance Regulation, people shopping for insurance on the exchanges could be in for a bit of sticker shock:

Residents throughout Florida are receiving notices that a private insurer is taking over their state run home insurance policies.  Homeowners are not required to make the switch, though.

While state-backed Citizens Insurance shifts policies into the private sector, critics are expressing concern about the quality of new coverage.  Florida Insurance Consumer Advocate Robin Westcott said consumers still have options.